WES repurchases 5.1M common units from Occidental for $127.5M

Western Midstream Partners, LP

5.1 million common units repurchased from Occidental subsidiary at $25 per unit.
Occidental's indirect ownership falls to 48.8% of outstanding common units.
Repurchase is part of previously announced $1.250 billion buyback program.
Transaction approved by special committee of independent directors of WES's general partner.

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